Daily Archives: April 19, 2016

Form 14 for Conversion of Firm into LLP

By | April 19, 2016

NOTIFICATION NO. GSR 418(E) [F.NO.2/15/2014-CL-V], DATED 13-4-2016 In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend he Limited Liability Partnership Rules, 2009 namely:— Short title and commencement 1. (1)… Read More »

Goods Indirectly supplied to projects financed by the United Nations are also Exempt from duty

By | April 19, 2016

Held A careful look at the Notification No.108/95-C.E. dated 28.8.1995 shows that the object of the Notification was to exempt all goods falling under the first Schedule to the Central Excise Tariff Act, 1985, when they are supplied to the United Nations or an International Organization for their official use or supplied to the projects… Read More »

Fraud Accounts provisioning norms changed by RBI

By | April 19, 2016

RBI/2015-16/376 DBR.No.BP.BC.92/21.04.048/2015-16 April 18, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Provisioning pertaining to Fraud Accounts Please refer to circular DBR.No.BP.BC.83/21.04.048/2014-15 dated April 1, 2015 on the captioned subject. On a review, it has been decided to amend the provisioning norms in respect of all cases of fraud, as under: Banks… Read More »